Economic Recovery Loan Program (Maine)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Maine

Applies to States or Provinces Maine
Name Economic Recovery Loan Program (Maine)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Finance Authority of Maine (FAME)
Primary Website

Last Review 2014-09-15
Last Substantive Modification
to Summary


The Economic Recovery Loan Program provides subordinate financing to help businesses remain viable and improve productivity. Eligibility criteria are based on ability to repay, and the loan is repayable over five years at a fixed interest rate.

Policy Contact

Department Finance Authority of Maine
Address 5 Community Drive, P.O. Box 949, Augusta, ME

Zip/Postal Code 04332-0949
Phone 217-623-3263
Phone 2 1800-228-3734
Fax 207-623-0095